Industry Segments and Geographic Information

6 Months Ended

Feb. 28, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Industry Segments and Geographic Information

The Industry Segment “U.S. Division” comprises of the Company’s Pasadena facility. The Company at the present time has the U.S. Division and the Corporate Division.

Certain previously reported financial information has been reclassified to conform to the current period’s presentation.

Corporate Division

The Company formed Sino Bond to hold and manage investments in Hong Kong. Sino Bond invests in debt instruments (corporate and municipal) and equity securities in Europe and Asia, including initial public offerings and pre-initial public offerings. The Company invests in various marketable securities. As of February 28, 2015, the balance of these securities is valued at approximately $17.9 million. During the six months ended February 28, 2014, the Company also traded in initial public offerings of equity securities on the Hong Kong Stock Exchange and had a net gain of $161,864 in these securities. During the first quarter of fiscal year 2014, the Company sold all of its trading securities and has not held any such securities since November 30, 2013.

The Corporate Division includes interest and other income related to its investments in securities, corporate personnel compensation expenses, and general and administrative expenses. Such expenses and income are not allocated to our operating division, as they relate to our general corporate activities.

We generally evaluate performance based on profit or loss from operations before income taxes and non-recurring charges and other criteria. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. There are no transfers between segments.

Summarized financial information concerning the business segments from continuing operations is as follows:

	Three months ended February 28,				Six months ended February 28,
	2015		2014		2015		2014
Revenues from external customers
Net patient service revenues
U.S. Division	$	1,754,888	$	2,231,387	$	4,073,566	$	4,490,634
Corporate		—		—		—		—
Consolidated	$	1,754,888	$	2,231,387	$	4,073,566	$	4,490,634
Income (loss) before taxes
U.S. Division	$	(820,388)	$	25,532	$	(1,315,776)	$	(352,426)
Corporate		(899,408)		(543,097)		(1,404,517)		(874,000)
Consolidated	$	(1,719,796)	$	(517,565)	$	(2,720,293)	$	(1,226,426)

	February 28, 2015		August 31, 2014
Total Assets
U.S. Division	$	15,118,700	$	15,967,472
Corporate		26,840,320		31,793,055
Consolidated	$	41,959,020	$	47,760,527